$595,600
- Studio
- 1,472 sqft
85 Summit Rd, Parsippany, NJ 07054
Est. Refi. Payment $4,055/mo*
Refinance Your HomeCurrently Off Market - Sold Feb 16, 1994 for $125,000
Home Value
Trulia Estimate
$596KSince last month
Decreased$8K (-1.4%)Since last year
Increased$12K (+2%)Since last sale
Increased$471K (+377.1%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +77% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $596K |
| August 2026 | $596K |
| July 2026 | $605K |
| June 2026 | $613K |
| May 2026 | $611K |
| April 2026 | $593K |
| March 2026 | $585K |
| February 2026 | $550K |
| January 2026 | $564K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.26 | Single-Family Home | $510,000 | 06/10/26 | - | 1,416 | ||
0.20 | Single-Family Home | $365,000 | 09/16/25 | - | 2,688 | ||
0.18 | Single-Family Home | $1,050,000 | 06/26/26 | 5 | 3 | 3,200 | |
0.17 | Single-Family Home | $400,000 | 09/25/25 | - | 720 | ||
0.24 | Single-Family Home | $500,000 | 09/11/25 | - | 768 | ||
0.74 | Single-Family Home | $580,000 | 12/04/25 | 3 | 2 | 1,483 | |
0.14 | Single-Family Home | $249,900 | 10/16/25 | 2 | 2 | - | |
0.16 | Single-Family Home | $527,500 | 10/09/25 | 4 | 1 | - | |
0.76 | Single-Family Home | $300,000 | 04/20/26 | - | 1,836 | ||
0.23 | Single-Family Home | $555,000 | 05/28/26 | 3 | 2 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.07 | $690,400 | 3 | 2 | - | Off Market | |
0.13 | $536,000 | 5 | 2 | - | Off Market | |
0.14 | $260,000 | 2 | 2 | - | Off Market | |
0.15 | $474,500 | 2 | 1 | - | Off Market | |
0.11 | $551,400 | 3 | 1 | - | Off Market | |
0.10 | $784,700 | 3 | 3 | - | Off Market | |
0.16 | $892,300 | 4 | 3 | - | Off Market | |
0.15 | $609,800 | 3 | 2 | - | Off Market | |
0.16 | $549,800 | 4 | 1 | - | Off Market | |
0.18 | $1,075,000 | 4 | 4 | - | Recently Sold | |
0.18 | $674,300 | 4 | 2 | - | Off Market | |
0.18 | $732,300 | 4 | 2 | - | Off Market |
Local Information
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Home Highlights
Single-Family Home
Built in 1935
1,472 sqft
$405/sqft
About this House
This single-family home is located at 85 Summit Rd, Parsippany, NJ. 85 Summit Rd is in the Lake Parsippany neighborhood in Parsippany, NJ and in ZIP code 07054. This property has approximately 1,472 sqft of floor space. This property has a lot size of 10018 sqft and was built in 1935.
85 Summit Rd, Parsippany, NJ 07054 is a studio, 1,472 sqft single-family home in Lake Parsippany, built in 1935. It last sold for $125,000 on Feb 16, 1994. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $595,600, with a rent estimate of $3,923/month.
Home Details for 85 Summit Rd
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Levels, Entrance, & Accessibility Stories: 2 |
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Year Built Year Built: 1935 |
Property Type / Style Property Type: Single Family Home |
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Exterior Home Features Exterior: Wood |
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Units in Building: 1 |
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Lot Area: 10018 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Feb 16, 1994 Source: N/A | Sold | $125,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $9,911 | $285,300 |
Home facts updated by county records
Market trends in Parsippany
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
52
7MoM
Around this home
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Frequently asked questions about 85 Summit Rd
- What is 85 Summit Rd estimated to be worth?Trulia's estimated value for 85 Summit Rd in Parsippany, NJ is $595,600.
- What is the price history for 85 Summit Rd?85 Summit Rd in Parsippany, NJ last sold for $125,000 in February 1994.
- Is Parsippany a buyer's or seller's market?Parsippany is currently a seller's market, based on recent for-sale activity.
- What are the closest schools to 85 Summit Rd?The closest schools to 85 Summit Rd in Parsippany, NJ are Brooklawn Middle School (rated 7/10), Lake Parsippany Elementary School (rated 9/10), Parsippany Hills High School (rated 8/10).
- How big is the lot at 85 Summit Rd?The lot at 85 Summit Rd in Parsippany, NJ is about 0.23 acres (10,018 sq ft).